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Home My WebLink AboutSales & Use Tax Revenue Report September, 2006City of Boulder Sales & Use Tax Revenue Report September, 2006 Issued November 14, 2006 This report provides information and analysis related to sales and use tax collecGons for fiscal year 2006. Results are for actual sales activity during the month of September, the tax on wl~ich is received by the city in the subsequent month. Any questions should be directed to Laura Fisher, Revenue Officer at (303) 441-4017. The following tables compare year-to-date 2006 collections to the comparable period in 2005. REVENUE COMPARISONS TO COMPARABLE PERIOD IN PRIOR YEAR Table 1 lists the categories of sales and use tax collected by the City of Boulder. It illustrates the percent change in the various areas for 2006 over the same time period in 2005. Retail Sales Tax - From an ongoing economic viewpoint, the row enti[led Retail Sales Tax is the primary indicator of how the retail economy in the city is performing this year compared to last year. Retail Sales Tax comprises the vast majority (over 80%) of the city's sales and use tax revenue. Year-[o-date collections in this category are up 7.49°/a. A portion of the increase is from the new Home Depot which opened in January, 2006. Business/Consumer Use Tax - Business/Consumer Use Tax fluctuates significantly from month co month depending on the level of equipment purchases and leases in that month and on revenue collected from audits of businesses. It is down 7.25% year-to-date. This negative perfonnance is to some exteat thc result of large audit revenue collected in 2005 and not duplicated in the current year and partially offset by an increase in "computer related business" retail sales tax which is up by 28.10%. Motor Vehicle Use Tax - This category is somewhat confusing because tax on the purchase of vehicles falls into the retail sales tax category if collected by the auto dealership and the motor vehicle use tax category if collected by the County Clerk's office. While County Clerk collections are down by 933%, thc more inclusive categoiy of Automotive Trade (retail and use tax) is down by a more modest 4.58%. While purcl~ases oF vehicles are obviously down, some of the change may be reflective of an increase in leasing versus buying. Construction Use Tax - During 2005, because they upwardly skewed the collections from diat which could be considered indicative of the underlying economy, we provided comparisons excluding Twenty Nintl~ Street and other very large 2005 co~struction projects. Also, the 2005 extraordinary collections were excluded from the "base" when forecasting future revenue. Because coinparing to the extraordinarily high 2005 collections would distort the vicw of construction activity in the city, for 2006, we will provide comparisons that also exclude tlic ono-time extraordinary construction use tax collectcd in both 2005 and 2006. Table 1 lists actual collections but also provides mformation that climinates the skew of onc-time dollars received by tbe city for the redevelopment of the Twenty Ninth Street arca and major NOAA-MST and CU construction projects. Without adjustment for one-tiine revenue, Construction Use Tax has decrcased by 26.68%. After adjustments, Construction Use Tax has actually increased by 1.67%. C~\DOCUME-1\FishLl\LOCALS-I\TempVCPgrpwise~2006-09 Revenue Report - Memo.doc Total Sales and Use Tax - Without adjusti~g for one-time revenue, the Actual Collected column m Table 1 shows a total increase m Sales and Use Tax revenue of 2.56%. After adjusting for 2005 and 2006 one-time revenue, the tota12006 year-ro-date incrcase in Sales and Use Tax revenue is 4.95%. TABLE 1 Sales and Use Tax Revenue TAX CATEGORY Actual Exclude 29` St Collected from 2005 & 2006 Exclude 29` 8 Other Lar e Pro'ects % CHANGE % CHANGE % CHANGE Retail Sales Tax 7.49% 7.49% 7.49% Business Use Tax -7.25% -725% -7.25°/u Motor Vehicle Use Tax -933% -933% -9.33% Construction Use Tax -26.68% -17.92% 1.67% ! Refunds -8.40% -8.40°/u -8.40% ' Tota{ YTD Sales/Use Tax 2.56% 2.85°l0 4.95% ' Significant increases / decreases by tax category are sumrnarized in Table IV: TABLE 2 YTD RETAIL SALES TAX STRENGTHS. WEAKNESSES. Food Stores up by 1.61% • Apparel Stores down by 0.50% Eating Places up 5.85% • Automotive Trade down by 2.24% ~~. General Retail up by 5.95% ~ • Building Matenal - Retail up by 54.44% (partially due to the openmg of the new Home Depot) Consumer ElecVOnies up by 4.95% Computer Related Business up by 28.10% (partialty offset by a 15.18% decline in use tax in this category) ~, Down[own (former CAGID) up 9.59% ~ ~ UHGID (the "hill") up by 6.85% East Downtown up by 25.67% Pearl Street Mall up by 8.08% North 28°' St Commercial up by ]0.48% ,. Pubhc Utilities up by 339% YTD USE TAX STRENGTIiS: W EAKN ESS ES Computer Related 6usiness Use Tax is down by 15.18% (partially offset by the Retail Sales Tax collections in th~s area which are up by 28.10°/o) Construction Use Tax down by 26.68`/a (down by 17.92% excluding Twenty Nmth Street & up by ].67% factoring out Twenty Nin[h Street and other large 2005 and 2006 pro~ects) Mo[or Vehicle Use Tax down by 9 33% (falls in Use Tax category because the majority of this tax is collected by the County Clerk's Office. Combined Retad and Use'fax m the Automotive Tradc Cate o is down b 4.58% C'\DOCUME-]\FishLl\LOCALS-1\Temp~XPgrpwise~2006-0) Revenue Report - Memo.doc OTHER TAXES • Accommodations Tax is up by 16.59%. • Admissions Tax is down by 4.78%. PROJECTIONS FOR THE FUTURE' Although the majority of projections for the economy continue to be positive, indications are that the Boulder Valley economy may grow at a slow pace in the upcoming quarter. Exceipts from the October 13 - 26 issue of the Boulder Counry Business Report follow • For the fourth consecutive quaRer, the Boulder County Leading Economic Indicator increased siightly. The index for the fourth quarter rose from 109.1 to 109.8, indicating that the local economy will continue ro show ~noderate growth during the upcoming quarter. • Nationally, employment is anticipated to increase by ].7% in 2006, while Colorado is expected to grow at a more robust rate of 2.3%. For the past four years, Boulder County employment has grown at a rate slower than that of the state. Year-over-year employment has risen by 1.9% i^ Boulder County. Typically, employment growth that is lower than state average is a sign of higher-than-average unemployment rates. However, this is not the case for Boulder County, where unemployment has varied from 3.9% to 4.4%. This is one-half to one point below the state average. • Locally, inflationary pressures may be eased by lower gas prices and an announcement by Xcel Energy that consumers should expect to see lower heating bills this winter. • Two final factors to consider when viewing the economy aze the wealth effect and consumer/business wnfidence. The wealth effect can be evaluated from changes in rea] estate and stock market portfolio values. The stock market made a much more favorable contribution to the wealth effect in 2006 than the housing market. While Boulder County housing prices have increased at a lower rate than Colorado and national prices, the Dow Jones average and NASDAQ markets az'e reaching record levels. ~ Our final point of discussion is consumer and business confidence. Consumer confidence readings have risen significantly with lower gasoline prices. All in all, consumers appear to be weathering tl~e stonn of higher energy costs and interest rates. Consumer confidence in the Rocky Mountain region remains higher than the national average. • The Boulder County index indicates limited expansion of the area economy, with more upside potential than in recent inonths. Unemployment rates will remain lower than the state and national averages. Indications are that interest rates and energy costs may have peaked, at least for the near terin. • Long-term prospects have both positive and negative i~dicators for employmcnt growth. One thc positive sidcs of the ledger are the strong entrepreneurial environment, i~crcasing technology traiisfer and shong interest from businesses located outside the state. Offsetting these positive indicators is the continued merger and acquisition trend, which has some of Coloradds companies being acquired. Wliile this is a necessary and requisite part of a strong entrcprcneurial and venture capital environment, the near-teim implications are wealth creation witU potential employment losses. Economist, Tucker Hart Adams, in the US Bank 2007 Economic Forecast, (as documented in the September 15 - 28, 2006 issue of the Bozilder County Barsiness Report) is more pessimistic regarding thc economy. Her predictions follow • Colorado's economic growth will slow in 2007, as a late-year recession interrupts a five-year period of national economic cxpansion. C~\DOCUME-1\F~shL]\LOCALS-1\Temp~?CPgrpwise~2006-09 Revenue Report - Memo.doc Consumer financial stress i~ the face of rising interest rates, along with tl~e potential for housmg priccs to flatten or fall aze the big threats to the Cotorado economy in 20~7. She Forecasts the following percent increases for 2007: o Population growth wil] inerease by 1 J% o Unemployment rate wil] increase in the second half of the year to average 4.8°/o o Persona] income will increase by 5.3%...this will outpace the Metro Denver mflation rate, providing a small improvement in the average standard of living. o Flat to declining home prices will encourage consumers to inerease personal savings, leading to a decrease in consumer spending. o State retail sales growth will slow to 2.1% percent in 2007, as consumers "take a hard look at their precarious financial position and cut back on spending." o Inflation in the Denver and Boulder markets will average 32%, down from 3S% in 2006. With more positive projecCions, excerpts fi~om the most recent (September 20, 2006) Revenue Forecast published by the Colorado Office of State Planning and Budgeting follow: The National Economy National economic growth remained healthy in 2005 and the economy's prospects through 2006 are upbeat. The national labor mazket continues to post gains.... Meanwhile, initial jobless claims are continuing their downward trend, demand and production growth are strong, and inflation-adjusted gross domestic product is above pre-recession peaks reached in 2001. o Consumer spending is forecast to grow 3.3% in both 2006 and 2007. o Business inveshnent is expected to average 4.1 % growth in 2006 and 3 J% growth in 2007. o Inflationary pressures are expected to reinain moderate throughout 2006. Overall, consumer prices are forecast to rise 3.7°/o in 2006 and 3. I°/o in 2007. o The national unemployment rate is £orecast to average 4.7% in 2006 and 4.4% in 2007. The Colorado Economy The Colorado economy will continue on its improvement course. In January 2006, the state's labor market surpassed its pre-recession levels, personal income is nsing, and retail sales are up. Furthermore, Colorado's July 2006 employment increase of 2.2% is 16'" highest in the country. o The 2006 unemployment rate is forecast to average 4.6%, compared with the 5.1% rate posted in 2005. The unemployment rate will fall below 4.5"/o in 2008 and dcchne furtlier by 2010. o Personal income growth will average 5.8% in 2006 and 5.9% in 2007. o Retail trade sales are Forecast to inerease 5.5% in 2006 and 5.7% in 2007. o Consumer prices in the Denver-Boulder-Greeley area will rise 3 5% in 2006 and 3.2% m 2007. September 20, 2006 revised forecasts from the Office of State Planning and Budgcting arc listed in Table 3 TABLE 3 FORECAST 2004 2005 2006 2007 2008 Denver-Boulder CPI-U achial/forecast 0.1% 2.1 % 3.5% 32% 29°/o Retail Sales Trade Growdi 6.1% S.1% 5.5% 5.7°/o 6.0"/0 Pcrsonal lncome Growth 5.8°/a 6.l°/u 5.8% 5.9% 63"/0 Changcs in economic indicators at tUe state and county level do not nccessarily translate into incrcased revenue within thc City of Boulder. Economic events specific to the city must be considercd. Examples C:\DOCUME-1 \F~shL 1\LOCALS-1 \TempV{Pgrpw~se~2006-09 Revenue Report - Memo. doc of such events are businesses expanding or contracting within Boulder's boundaries, sales tax leakage due to competition in surrounding areas, and housing starts. We are cautiously optimistic that cunent trends in the city will continue. Exceipts from the most recent issue (August 18, 2006) of the Colorado Economic Chr•onicle, published by the Legislative Counci] of the Colorado General Assembly follow: • Coloradds economic expansion slowed somewhat during the second quarter of the year, though it remains relatively healthy. Consumer spending and personal income are domg particularly well t6us far in 2006, while employment growth moderated during the second quarter. • Personal income and wages are expected to continue to show relatively strong growth through the forecast period. Personal income will increase 6.5% in 2006 and 6.7% in 2007. Gains in employment and wages and salaries are expected to continue to buoy personal income. Wages and salaries are expected to increase 7.1 % in 2006 and 6.6% in 2007. • Inflation will increase to 2.9% in 2006, and remain around 3.0% thereafter. • In conclusion, [hrough there are signs that the state's economy is slowing, we expect that the overall trend of moderate economic growth will continue for the next few years. Growth will be fiieled by Colorado's position in the advanced technology, defense, and natural resource industries. Concems regarding high energy prices and inflation remain, as well as the exposure for trouble in the housing market. However, each of these concems appear to be headed for a soft landing, rather than a prolonged and severe downtuin. This report will be updated and will be available on approximately the tenth business day of each month. C.\DOCUME- I\FishL I\LOCALS- I\Temp\XPgrpwise~2006-09 Revenue Report - Memo.doc To[al Net Sales/Use Tax Receip[s by Tax Sales Tax 43,464,261 46,719,675 7.490/ 81 28% Busmess Use Tax 6,572,320 6,095,804 -725°/ 10.60% Construchon Use Tax 4,518,358 3,312,795 -26.68% 5.76% Motorvehicle 1,582,157 1,434,52] -933% 2.50% Refunds -89,708 -82,170 -8.40°/ -0.14% Total Sales and Ose Tax 56,047,385 57,480,625 2.56% 100 00% Total Ne[ Sales/Use Tax Recei FoodStores 7,264,403 7,456,910 2.65°/ 12.97% EahngPlaces 6,743,793 7,138,026 5.85%a 12.42% Apparel Stores 1,707,520 1,631,410 -4.46% 2.84°/ Home Furmshmgs 1,917,701 1,99Q989 3.82% 3 46% General Re[ail 10,572,348 11,094,804 4.94% 1930°/ TransportahonNtilities 5,088,435 5,424,279 6.60% 944%, Automohve Trade 4,233,545 4,039,654 -4.58%, 7.03% BuildingMatenal-Retail 1,472,105 2,282,530 55.05% 3.97% Constmcnon Use Tax 3,686,999 2,898,627 -2138°/ 5.04 % ConsVUCtion Sales Tax 206,861 206,030 -0 40% 036%o ConsumerElec[romes 1,185,268 1,275,287 7.59% 2.22°/ Computer Related Business Sector 3,893,580 3,712,006 -4.66°/ 6 46% AllOther 8,164,540 8,412,244 3.03% 14.63% Refunds -89,705 -82,770 -8.40% -014% Total Sales and Use Tax 56,047,388 57,480,625 2.56% 100 00% To[al Net Sales/Use Tax Recei Area North Broadway 738,396 765,479 3.67% I 33% Downrown 3,948,751 4,516,637 14 38% 7 86% Down[own Extens~on 368,761 358,417 -2.80% 0 62% UHGID ([he "hill") 773,917 877,087 5.58°/ 1.42% East Downtown 524,369 686,441 30.91% 1.19% N. 28th St. Commercial 3,41Q030 3,832,823 ]2 40% 6.67°/ N. Broadway Annex 198,780 245,460 23.48% 0.43'% UniversityofColorado 823,924 714,715 -1325°/ 124% Basemar 929,319 955,314 2.80% 1.66% BURA (mc xrds) 13,553,271 13,941,506 2.86 % 24 25 % TableMesa 1,363,998 1,391,163 7.99% 242% TheMeadows 753,978 784,433 4.04% 136% AllOtherBoulder 3,464,869 3,507,119 1.22% 610% BouldcrCo~mty 740,301 752,875 1J0'% 131'% Mcho Dcmcr 2,697,271 2,351,6(8 -12 81 % 4.09% Colorado All Other 136,496 102,630 -24 S 1'% 0.18'% Out of State 4,386,387 5,291,723 20 64 % 9 21% Airport 8,783 3,534 -5I.77% 0.01% Gunban~ellndustrial 3,059,210 2,967,379 -3.00% 516% Gunbarrel Commercial 660,449 656,587 -0 58°/ 1 14% PeadStreetMall 1,673,420 1,805,850 7.91% 314% 6oulderlndustrial 5,668,275 5,113,869 -9.78°/ 8.90°/ Unhcensed Receipts 1,047,691 796,975 -23 93% 139°/ CountyClerk 1,582,157 1,434,521 -933% 250% Pubhc Utili[ies 3,624,354 3,768,591 3.98% 6.56% Rcf'unds -89,708 -82,170 -840% -014%~ Total Sales and Osc Tax 56,047,388 57,480,625 2.56°/ I OQ00"/ Misccll:meous Tax Statis[ics Total Food Service Tax Acwmmodations Tax Adm~ssmns Tax Gcensc Fees Trash Tax $L~`PTEMBER YTI7 ACt7ia1 24U5 2006 °l~ Change 310,555 33Q479 6 42% 2,058,485 2,400,035 16.59% 322,847 307,404 -478% 2Q425 22,240 8 89°/ 1,219,121 1.199.558 -I 60°/ USE >< SALGS COMPARISON OF YEAR-TO-DATE ACTUAL REVENUE FOR'fHE YEAR 2UU6 TO COMPARABLE PER10D IN 2005 USE TAX BY CATEGORY SALES TAX BY CATGCORY SEP'F~MS~R Y'I'D Aetual S~P"I`~14IBLR YT'D Actua ZQOS 2i106 °fo ~hange Standard Industrial Code ZQDS 21T06 °/a Cl~ange 29,012 105,234 262J2°/a Food Stores 7,235,390 7,351,676 1.61% 93,996 99,299 5.64% Hating Places 6,649,797 7,038,727 5.85% 84,993 17,061 -79.93% Appazel Stores 1,622,527 1,614,348 -0.50% 8,006 54,928 586.07% Home Furnishings 1,909,695 1,936,061 138% 603,455 532,973 -11.68% General Retail 9,968,892 ]0,561,832 5.95% 170,145 355,933 109.19% Transportation/IJtilities 4,918,290 5,068,347 3.05% 1,598,805 1,463,827 -8.44% Automotive Trade 2,634,740 2,575,828 -2.24% 13,440 29,799 121.72% Building Material-Retail 1,458,665 2,252,731 54.44% 3,686,999 2,898,627 -2138% Construction Use Tax 0 0 na 0 0 na Construction Sales Tax 206,861 206,030 -0.40% 25,662 58,275 127.09% ConsumerElectronics 1,159,606 1,217,012 495% 2,947,134 2,499,633 -15.18% Computer Related Business 946,445 1,212,373 28.10% 3,411,188 2,727,531 -20.04% AllOther 4,753,352 5,684,713 19.59% 12,672,835 ]0,843,120 -14.44% TotalSales and Use Tax 43,464,261 46,719,675 7.49% USE TAX BY CATEGORY SALES TAX BY CATEGORY SEFTEMBE~ YT.~l ekct~al SEFTENIBER YTD Aetua 3QQ3 ~00€ . °/n Ghange Geographic Code 3Q65 2D06 elo,Change 53,117 48,867 -8.00% North Broadway 685,279 716,612 4.57% 331,504 552,674 66.72% Downtown 3,617,247 3,963,963 9.59% 33,503 7,267 -7831% Downtown Extension 335,258 351,150 4.74% 16,052 7,300 -54.52% UHGID (the "hill") 757,865 809,787 6.85% 27,844 62,440 12426% East Downtown 496,525 624,001 25.67% 123,058 201,260 63.55% N. 28th St. Cmnmercial 3,286,972 3,631,562 10.48% I4,929 15,930 6.70% N. Broadway Annex 183,850 229,530 24.85% 173,734 42,870 -7532°/a UniversiTyofColorado 650,190 671,845 333% 27,721 25,123 -9.37% Basemar 901,598 93Q191 3.17% 899,438 547,457 -39.13% BURA (inc xrds) ]2,653,773 13,394,049 5.85% 19,360 14,125 -27.04% TableMesa 1,344,639 1,377,038 2.41% 34,155 41,168 20.52% The Meadows 719,820 743,265 3.26% 1,756,659 1,806,311 2.83% A]IOtherBoulder 1,708,210 1,700,808 -0.43% 207,714 157,395 -24.23% Boulder County 532,587 595,480 I1.81% 704,739 201,319 -71.43% Metro Denver 1,992,532 2,150,350 7.92% 51,822 9,084 -82.47% Colorado AIl Other 84,674 93,546 10 48% 302,736 399,702 32.03% Out of State 4,083,651 4,892,021 19.80% 3,385 52 -98A5% Airport 5,398 3,481 na 2,679,028 2,558,933 -4.48°U Gunban~el h~dustrial 380,182 408,447 7.43"/a 8,738 2,090 -76.08"/o Gunban~el Commercial 651,71 I 654,497 0.43"/a 22,842 21,837 -4.40% Pearl Street Mall 1,650,578 I,784,012 8.08% 2,555,526 2,057,728 -19.48% Boulder(ndus[rial 3,112,749 3,056,141 -L82% 914,881 473,873 -48.20% Unhcensed Receipts 132,810 323,103 I43.28% 1,582,157 1,434,521 -9.33% County Clerk 0 0 na 128,193 153,792 19.97% PublicUtilities 3,496,I61 3,614,799 339% 12,672,835 ]0,843,120 -14.44% Total Sales and Use Tax 43,464,261 46,719,675 7 49"/0 7 ax by Mo d Carevory TOTPLC~TYSALESANDUSETP%COLLEQIONS I I I I I I I ~ REVENOECATEGORY YEAR JAN FEB MAR APR MAY JUN JUL qUG SEP OCT NOV pEC TOTAL °l.CHG RETAtlSwLESTAX ~, 1990 _- - ____ _ J.t15,162 6,102,135 5.055,3a2 a.2B).89> 4.514.65] 5,<B0,11) 6.3C6.353 4,161,165 S,61fi,609 1 4.048)99 0,826,835 6.)04.394 A.899,4fi4 __ 2i3% ' __ Ra1e326% 2000 q050,553 __ _ 5,1i6.135 . _" ___ 6,Ofi6,890 6,626.230 4,Bd],958 _ _ _ 6,3)3~35~ $96 4:90fi,459 a.902,506 ~ 5,039$48 _ _ 5.153,2@ _ 6,125,483 6,85fi,21] 4_909_120 5125.099 5.16aC6C 4,658152 __>32,320~ 64p6Q345 _ ' _'_ ___ 8,080,1]4 66.696)t0 1131% - ___ _" ___ l 309% I 2001 J.95].524 C499,252 6,20)3]] 6,fi35,fi3< __- 6,82G,201 fi,190,000 6,6fi3,6B5 0,8<0,590 S.B08.513 4,]92,0]6 0,518.650 6.822.30>~ fi2,fi69,B69 1 -6046 __ _ __ __ ._" _ - _ ~ 2002 ___ _ ____ 2~03 6,538.144 __-.-_ 3.8]2.31C 3,903.95E ___"..___ 3,8)4,955 4,95&202 4,544,590 _- _-___ _ __ SA55.136 4,093.068 4,fi82,3]0 ."__._... 426<729 S.fi63.E54 .___-_- ~ 5,232.316 E,381,120 ___... 4,1fi],686 6,]25,305 .____-- 4,663.992 5,5]0,009 __-__ 5.1]1.981 6,1fi8,969 __-_._ 6,288,213 J,]15.562 ._____ <,206.92C 6,2]2,BOB~ 5~1.>25.10] _--____ _ """.. 5,9E0.115~ 54.8]1dB9 -099% _ 494% RateChg326e>361°e T 2004 Rate3at°/, I 2005 3006 l 439413fi I 62550<1 4]34209 E.1)046] Oq533]0 0,60563fi 5,32].051 4,339.594 5232.389 4.353.02fi 5.53t,253 4,659658 4C6t,055 45]fiBfi4 <882331 5340555 5535196 6129363 6.333.128 44940-9 J,]3]]]3 4]E9,658 5013.3]9 523],]5l 5542905 5550916 6156,056 6650.>31 ~ 4541190 0,518629 4,]fi9]00 Q602,036 6,932929 58,229.B4E 59~OB.fi90 a6,]19,fi]S 165e 254% I 21)5% nge rom pro year ( ont CM1an e Irom pr i~- q yar(vTD) 112fi% I 1126% I._ "_ 431% ~]i% -__- l 503/ ]06% _ ]OOW~ ]01%~ -___ _' _____I 66]% 690% .. 10]3% 1fi9% ___ _ 502°e ]3-% _.__. 60B% 699% _"_- 1090% ]49% -_ ~ -10000% 260% _-_ 40000% -1149/ "--_ 10000°e -21)5% _ ~ CONSUMERUSETA% 1999 ___ _ _ _ - ]3],551 521,fi21 1.080.009~ 90Bb28~ - 66).896 ]Bt)51 698,0)0 ]61,515 838,403 61fi,]03 ]22,409 1.29],fi23 9,632,221~ 835% " ` -__ _ _ Rate32fi% _ , + 1999 686,623 ]18.812 9)9.696~ 585,963j 699.4fi5 914.O6fi 969,355 86),fi92 1,OB6,901 686,512 5]2,380 1,496,005 ID,132,6tOj 519% I 2000 _ __ __ _~ 200t fi99,i42 1,165.93] _ 184.50i 899,49 9BBS45L_ 809722 1,P1,936~ 908,629 )13,99 909.191 _ i_054,603 1,42].618 _]B]_906 1.011.fi9] _946,2]] W5,2]~ 1,295,039 955,fi83 691.305 1,015,169 900,93] )48768 t620,215 1,090,556 1t.098,i24~ 13,259,<54I 953Ye 196]% _ __ ~_2002 It6.a62 565.9)6 1,293,800 ]B3,956 4W,23] 1,W17I9 808,999 6]1.088 648,655 169,563 fi28,92fi 1,153.296 9.62J.Stfi -2]39Ye ~~, 2003 I98,19 51].559 836,39BI 8]).962 I86,286 962,]85. fi5fi,]99 819.16a 914.869 635,455 1,0<5,632 1,052.566 9.903,fi32 28]% RateCM1g326°/>3a1°6 ' 2004 980,~29 6fi5,01B 899J53 ]a2,692 ]2<,614 866,9]6 810.8]C 922,601 961,990 ]28,63a ]50,9)1 1,181,]]6 iq215,625 -139. Ra~e341% ~ 2~05 - _ ____ __ _ 100fi 82],801 _____"_ 68fifiBfi 50],036 -__ 51],101 951,085 1,016.61< -- __ ___- 12)).14fi 51J.144 1,143,592 --_' 96C.529 1,0~1,049 _____- 981.362 9fi6,]20 --_- 895.403 ]B8465 __ ]]fi,258 1,094,030 __ i,O56,fi9fi 158,93] 968,66] _ 12A8,300 __"__' 11,130,190 ____._.__ ),530.32< 895% -__ _'___ 3230% CM1angetmmpnoryear(MOnlh) 4].O6°e 19B% 3428% A323% 4260% 2195% 355Ye -055% -3fi0% 400.00% -10000% 400.OOY. CM1angeM1Omprmryear(YT~) ' - -1"l.06% -982% 853% -]60% -811Y, 411fi% -913% -828% -]65% 4552% -23.80% 3234% - _ - _ __ _ ' _ I CONSTRUCTIONUSETAX 1999 . Rate326% ' 1999 149,110 _ _.. 156p~9 206,650 . _ t]1.90J 230,126 26),9)5 _____ __ 223.83] 213.553 P9)80 ___--_ 260,980 213.)B] _-_-___ 315.99fi 190,5I0 -_____ 110,109 262)48 . 216,iH 1)6,Ofi1i ._. 619,966 260231 ___"- 136,124 192,695 ____'__ _ 158,510 2<2,169 _"_'_ 1<0,611 _ 2,93,501I 2,565,410 1<56% -031% _ 2000 I 239,212 0]6,528 168,069 36J,250 355,225 140,920 388,110 253.944 229,010 259,312 1P3.901 249,]66 3,298,6~ 2BSB% _ _ _ _ _~ 2001 ~ 191,69fi~ 331}]fi 1)2.691 1>1,169 198.12d 18]263 221,OW 311p33 6]1,066 319.083 190,510 166,293 2.9<1.850~ -0082% __ ~ 2002 21G010 Sfi5,519 292.39T; 442.58] 215,360 1.181,60fi 195,3]4 19i,]65 158,A13 161,213 169,O6J 38C,065 6.P1.]]3 C1B1Y 2003 ___ _ ___ _ ' RaleCM1g326%>3a1°e ~i 200J 10C,C49 ____..__. 210,383 121,585 _..__-._. 33fi,148~ 138.559 238.2C6 -__ _-_____ _ _ 3B],40J 490.426 4t5.)56 -_ _ 129.416 6]5.308 ______ 181,132 220619 ---__ 204,651 259,96fi _.__.._ 155,d09 239,331 _ -_._ 212.299 161,913 119,2B3 292,983 -___.___ 238A59 388.15J __ -- 283,OB1 3.256.653 ___- _ J,048,9I8 -219C% q050% Rate3al% I 2005 912.585 )82.560 2B],BfiS Jfi1B]8 4%,093 913,19] 186408 235.308 282,503 21fi,24] 288,104 516,W5 5.59].68a 8359%. ~ 2006 19],263 CM1ag tromproryear(MOn~h) ~ I9Jeh 331.34t _ -_ -5966h 420,-09 296.094 ___" _ - 4616Y -3633% 33-,23- 2fi06°4 ])4p20 __ _ ' 1520% 352.533 ___ - B912% 261.409 1109% 349,]E9 _ 21fi9% __ 400.00% -_- -100.00% 100.OOY. 3.312.)95 _ _ -0082% Cna ge~mmproryear(YTD) ]838% _ _ _ _ ' ""' -fie92% '__ 5213/ >91a% _ _ _- __r __ ___ I J551% _ -3825% _ _ _ __ 3232% __ _ __ I 2991%iI I 2fifi9% I _ _ 3091% _ d482% "_ -0082% _- ___ __I - __'__ Rae31%Jy6NTH8CHANGEPR090REV1O<981E,n403( mOL8~Op5O) fi,3fi5,6J]I_Sp6J,099~ 5,362,333 6,4]5,655 L 5,23J,99C 5.9BSA4B 6.633,0]4 4,945,-33 5,]d1.9)9 8,246,186 ]0,105.186 F 386% @Rate]2fih ~~, 1999 _ ~ 2~00 5.182,982 __-_ 5.388.90] 5.603,681 fi,59Q915; Sp93,5211 -__--_ -_- __'-_ __ 6,3]).t)0~ ).223.9051 5,900.202 6.165,23fi r 5.91),110 ],360,319I fi,025,922 -_-_.. _ _ _ __ I,569,11fi1 6.118.521~i 6.123.351 - ___ 6.353,423 1,632,350 _-"._.. 8,390,325 5,131,95] ____ fi,1B1]15 _5,895,351 5,932,990 9,353,3]6 9.]50.132~ ]],104,365~ 10p4% _- _' _ -_ 91.093,515 512% 200t Q314,95] 5,]t9,]Sbl 9,191,903~, Sj15.410 5,911,516 1,904,901~, Sj02,381 fi,12],295 ],315,641 6,526,328 5.061.9W 8,W9,156 ]8,8]1J53~ -2]A% ~ 20p2 _ _ _ ' _ __ , 2003 - - - _- _ _ ___ 5,669,216 _ _ _ - 4,t94,920 5.035.<69 fi,536,390 5,]]1,133 5,396,991 - _- _ - -_ _- '_- - _-- _ _ - _- 4,514,099 6,030,093 5,209,P] 5466,1]1 -.936,839', 5,385,693 _ __- _'___ - _ 6,9)Op101 S.OC6.B9] _ 5,59J,139 " " "_ 5,]43,101 6,316,91] '_-_' 6,326,188 5,103725 _--... S.OB5.591 5,111,931 ____ 5,585,536 -,910,169 __-_'. -,3BO,B99 ]1,52a,396 -9.31% .__- _--_ __ ' 68,W1,'!t4 -0.88% ' RateCM1g32fi e>3dt~ ~ 2000 S,SBC,JOB _-_. S,P1,fi33~ fi,613,991~ 5,5I2.]12~ 5.015_095 - _ __" ._ ___ _ 6,399,2fi1 5,309,853 _ ~. _ 5,82].468 _ - 6,691,093 - 5_298,64] _ 5.508,059 8,066.999 ___ ]109a048 04]Y< Rate34~",0 _ 3006 I 5.618,198 5~9 I fi,4]'~ 3' 0 5,831,518 6.136,529 S.d93.8)8 ].235.148! 5,530.696I 6,184,096 I I 5'a ),C49p61 5,505,209+ __ I 1,685,145I 5,985)09 6.03),152 6,P5,02a _ 6,92],449 9,554,500 5,5]6,9]C 0 6,Wfi,2]1 0 ___ _ 8,696200 0 -- ____ >6d36.5151 691°< 5],562.]95 49665]0% 2003 Le,v'SRCfundS_ - 34,330 I ~ ~ 9,BP; - -136798 A ~9 _~ -~~~fi542 ~-~ 6~ 1 Z~ - ~ -30fi2 ~~ ~ 1009 11 21586 ~----5.]50 ~ ~-0.15] 99 96p51 ~- ? 2006 -00302 23, i 3 5099 I O ~S6B 90fi I ~ _'___ AdJOStedtOtdl _ _ i, 2pp1_ ~ fi310,956 5,600.826 I 8.1]t429~,_5,68I.SSOI 5,914_439 r 1,804p54i 5,699,B95i 6,N9,069 ].312.362 6,521,146 Sp61909~ 9,13,3 ]9,) 6353 ~ _258°e ___ _ ~ 2002 - - 11.40].413 _- 10.529.32] 6,521,25B~~ 5,]]1133I 5,391)52 ],922,866I 5,38<.96) 5583,91I fi,255,]13I S,OB1.B28 S,H0,383 ),800105 82.400.6C1] J]3% 20~3 RIeCM1g32fi%3d1% 200E J)6059t _ 5593A06 t SE24,999 _45052)2 6023,Ot5 5.0~4.4~9I _ S,tfi1129 6.613,354i 5.5I1,B40I J09.121 ~ Q]94082I 5,06Cp95' S,962.505 ___ _' __ _ ___ _____ 6.389H0 5,36]S54i S,B22.825 _ " 629023i, 6fi96B69~ 5091B02 5,2]1,329 ___""_' 5.584959 5,502301 __ _ _ ],334,299 B,062,569 _ _ _y_ " __ 6]60]$02I -P99°a 91431.3861 101% - Ra~e34i% _ _ ~ 2005 5,995,266 - 5,696,902 6,6]Oa3tl, 5,828.852t 6,134,882 "I,439,361~ 5,542,145~I fi,0]2,9<6~ 6.926.603, 5,5"l5,388 6.026.2"!1 9,691p46j _ _ ]6,300,4~_ fie)% 2006 SA],096 YCM1a e onih~_ ~ _ 69fia~ 9 ( eCM1ange(VTD) ~ fi9fiY 5p89fi0fi ],212,39B 5,530333L 61)8998 332°.~ 11a>b'~ 512%~ 4I2% -519%~I ~]SYI -068°6 039% ].685165 5,985,]09 fi,26],956 330% BOOY~ 389% 036Ye 133%', 1fi4% 1,553,fi96' 0 905.~ -00000% 2560~ -fi)2% 0 -10000e -1503%~ 01 5),480625i Q<]Ok 10000%~ ~~~ ~- _ 24)0%~ Sales Tax Revenues Generated in the UHGID Area by Standard Industrial Classification Food Stores Eating Places Apparel Stores Home Furnish. Gen. Merchandise Transport. PJIOthers GR.4ND TOTAL 2004 Janua 2,985 34,863 3,873 1,918 53,065 717 2,062 99,422 Februa 3,495 37,716 6,880 2,207 11,879 464 1,879 64,521 March 1,085 38,421 5,012 2,204 21,163 408 4,691 72,985 A ril 5,138 38,957 5,411 1,802 12,257 428 2,136 66,129 Ma 5,372 38,597 6,173 1,682 11,276 358 2,130 65,583 June 3,625 31,801 6,545 1,840 26,531 3,350 73,693 Jul 3,689 29,722 5,741 2,595 10,272 90 1,155 53,263 Au ust 4,379 38,234 9,442 2,576 63,624 2,647 3,149 724,050 Se tember 5,100 45,386 15.854 2,549 38,253 623 933 108,698 October 5,040 48,097 8,459 2,252 17,450 46 1,219 82,562 November 4,265 40,629 5,427 2,100 10,786 983 64,~89 December 3,270 30,170 8,937 2,232 23,585 465 3,7'I6 72,674 2004 TOTAL 47,442 452,585 87,695 25,958 300,441 6,246 27,404 947,770 2005 Janua 3,864 35,046 4,753 2.297 51,848 21 1,024 98,653 Februa 4,414 40,415 10,362 1,764 15,061 - 124 72,140 March 4,488 39,054 8,680 2,150 13,203 1,019 3,465 72,060 A ril 5,597 45.223 7,002 1,950 10,320 48 4,521 74,662 Ma 4,825 33,911 6,296 1,901 '13,696 503 61,131 June 4,137 39,749 6,319 2,111 14,474 2,294 69.085 Jul 4,476 34,798 3,953 1,815 19,715 1,0'It 65,768 Au ust 5,220 50,377 8,408 2,9'17 76,001 1,543 144,466 Se tember 5,120 49,713 13,361 3,000 27,814 1,293 99,702 October 5,078 51,093 14,551 2,928 19,608 607 93,865 November 4,817 41,473 6,222 2,864 10,067 471 65,915 December 3,314 30,64~ 8,697 3,194 15,717 797 62,36~ 2005 TOTAL 55,352 490,892 98,605 28,891 287,524 1,088 17,653 980,005 2006 Janua 4,180 41,171 7,910 2,689 61,59'I - 517 118,058 Februa 4.523 44,052 4,366 4,219 19,90~ 2,376 79,436 March 4,839 40,390 8,703 2,527 18,847 - 637 75,944 A ril 5,585 46,490 8,981 2,893 77,832 83 515 82,378 Ma 4,992 42,244 2,189 3,037 '15,640 - 536 68,638 June 4,385 43,266 7,789 2,434 14,194 416 72,485 Jul 4,685 32,424 2,844 2,544 13,268 403 56,168 Au ust 5,174 46,480 4,154 3,159 48,380 1,915 109,263 Se tember 5,633 54,904 18,079 3,043 64,946 S11 147,416 October - - - November - December - 2006TOTAL 43,997 391,422 65.014 26,545 274,599 83 8,126 609,786 % Change from 2003-2004 ~ 4.02% 4.76% -10.85 % 30.00% -5 45% -21.38% -1773% -2.50°/ % Change from 2004-2005 16.67 % 8.46% 12.44°/ 11.30% -4 30% -82.57% -35.58% 3.40% % Change from 2005-2006 4 40°/ 6.46% -5.96% 33.36% 13 41% -92.38°/ -48.49°/ 6.85% % Change from previous year month 10.01% 11.79% 35.31% 1.41% 133.50% #DIV/0! -37.28°/ 47.86% S ~CMO\DUHh1DPS\dmc\BUDGETd~\UHGID d7\UHGIDSIC NOTES: Percentage change calculations for 2004 have been adjusted to eliminate the impact of the increase in the sales/use tax rate. Sales and Use Tax Revenues Generated in the UHGID Area by Standard Industrial Classification Food Stores Eating Plaees Apparel Stores Home Furnish. Gen. Merchandise Transport. Construction AllOthers GRAND TOTAL 2004 Janua 2,986 34,863 3,813 1,918 53,080 717 1,851 2,062 101,289 Fe6rva 3,496 37,716 6,880 2,207 11,884 4fi4 29,820 1,999 94,467 March 1,086 38,833 5,012 2,204 21,184 408 140 5,000 73,868 Apnl 5,139 39,323 5,411 7,802 13,510 428 10,847 2,349 78,810 Ma 5,373 39,319 6,173 1,682 11,284 358 1,520 3,963 69,672 June 3,626 32,688 6,545 1,840 26,553 3,276 5,512 80,040 Jul 3,689 30,109 5,741 2,595 10,295 90 22,410 1,155 76,084 Au ust 4,379 36,926 9,442 2,576 63,645 2,647 923 3.749 123,686 Se tember 5,100 45,392 15,554 2,549 38,25fi 623 73,383 1,235 122,391 October 5,040 53,222 8,459 2,252 17,471 46 189 1,220 87,898 November 4,265 40,987 5,427 2,100 10,789 1,007 64,575 December 3,270 31,875 8,937 2,232 23,987 465 1,227 4,125 76,118 2004TOTAL 47,446 461,253 87,695 25,958 3Q1,938 6246 85,586 32,776 1,048,897 2005 Janua 3,864 35,076 4,753 2,297 51,848 21 1,023 7,024 99,905 Februa 4,414 40,520 10,362 1,764 15,254 1,321 124 73,760 March 4,488 39,363 8,680 2,150 13,217 1,019 61 3,752 72,730 Apnl 5,597 45,782 7,002 1,950 10,410 48 2,$19 4,521 78,130 Ma 4,825 33,984 6296 1,901 13,697 165 503 61,370 June 7,206 40,261 6,319 2,171 14,475 757 2,566 73,095 Jul 4,476 34,832 3,953 7,815 19,715 B 1,071 65,811 Au ust 5,220 51,481 8,408 2,917 76,066 2,147 1,543 147,782 September 5,120 49,442 13,361 3,000 27,874 958 1,581 101,336 October 5,078 51,094 14,551 2,928 19,641 513 607 94,412 November 4,817 41,473 6,222 2,864 10,082 471 65,930 December 3,314 30,647 8,697 3,194 15,726 1,062 62,641 2005TOTAL 58,421 493,955 98,605 28,891 288,004 1,088 9,172 18,764 996,900 2006 Janua 4,180 41,175 7,910 2,689 61,593 140 517 118,204 Februa 4,523 44,058 4,366 4,219 19,937 560 2,376 80,038 March 4,839 40,391 8,703 2,527 18,893 196 931 7fi,480 A nl 5,585 46,504 8,981 2,893 17,848 83 411 515 82,819 Ma 4,992 42,276 2,189 3,037 15,650 73 536 68,753 June 4,385 43,270 7,789 2,434 14,208 57 693 72,838 Jul 4,685 32,442 2,844 2,544 13,288 307 403 56,573 Au ust 5,174 50,341 4,154 3,159 48,686 128 1,915 113,558 Se tember 5,633 54,904 18,079 3,043 64,971 133 1,122 147,885 October November December 2006 TOTAL 43,997 395,361 65,014 26,545 275,073 83 2,005 9,008 817,087 % Change from 2003-2004 3 99 % 5 55 % -10.85 % -30 00 % -5.08% -21.38 % 621 66 % 11 77 % 6 46 % % Change from 20042005 23 13 % 7 09 % 12.44% 11 30 % -4 61 % -82 57°/ -89 28 % -42.75 % -4 96 % % Change irom 2005-2006 -2 69 % 6 64 % -5 96 % 33.36 % 13 41 % -92 38 % -76 84 % -45 81 % 5 58 % % Change from previous year month 10 01 % 11 OS % 35.31 % 1 41 % 133 09 % #DIV/0~ -86 06 % -29.00 % 45 94 % NOTES: Percentage change calculations for 2004 have been adjusted to eliminate the impact of the increase in the sales/use tax rate S 1CM0\DUHMDPS\dmc\BUDGETd~\UHGIO dJ\UHGIDSIC UHGID Sales Tax Revenues (NO use tax) 2000 2001 2002 2003 2004 2005 2006 January 83,022 96,846 100,032 99,422 98,853 118,058 February 65,046 56,994 63,769 64,521 72,140 79,436 March 64,537 68,740 69,760 72,985 72,060 75,944 April 60,826 68,547 62,055 66,129 74,662 82,378 May 61,329 56,306 62,078 65,583 61,131 68,638 June 92,013 76,086 69,726 73,693 69,085 72,486 July 59,675 63,058 48,079 53,263 65,768 56,168 August 88,127 87,167 125,801 124,050 144,466 109,263 September 123,121 129,966 104,739 108,698 99,702 147,416 October 66,451 73,867 81,351 82,562 93,865 November 60,396 58,271 67,097 64,189 65,915 December 86,683 71,034 74,835 72,674 62359 Totals 920,684 911,224 906,884 929,322 947,770 980,005 809,787 UHGID Sales Tax Revenues 160,000 140,000 120,000 - - ~-- 2001 100,000 -~- 2002 80,000 ~ 2003 t 2004 60,000 - ~ 2005 -+- 2006 40,000 20,000 0 ~cJ,~c~ ~`J~c1 ~~~o'~ PQ~~ ~a~ ~~~~ ~J~~ J~JS'~ e~~z~ G~o~~c ~~~ec ~~~e~ ~ ~e P ~Qti p o~ ~o 5 ~ O S:\CMO\DUHMDPS\dmc\BUDGETdj\UHGID dj\UHGIDSIC UHGID Yearly Summary Sales and Use Tax Breaktlown by Industry Category Food Eating Apparel Home General Stores Places Slores Furnishings Merch AIl Other Tatal Sep~2006 543,997 $395,361 $65,014 $26,545 $275,073 $t1,096 $817,087 5% 48% 8 0 3% 34% 1% 100% 2005 559,421 $493,955 $98,605 $28,891 $288.004 $29,024 $996,900 6% 50% 10 0 3% 29% 3% 100% 2004 547,446 $461,253 $87,695 $25,958 $301,938 $124,607 $t,048,897 5°0 44% 8% 2% 29% 12% 100% 2003 543,618 $417,782 $94,036 $35,450 $304,099 $46,965 $941,951 5% 44% 10% 4% 32% 5% 100% 2002 542,268 $407,606 $89,454 $34,104 $3~3,795 $41,419 $928,646 5 0 44% 10% 4% 34% 4% 100% 2001 541,988 $394,142 $103,513 $35,111 $318,763 $26,961 $920,478 5% 43% 11°/a 4% 35°/a 3% ~00% 2000 534,841 $378,042 $99,206 $39,066 $366.669 $17,242 $935,066 4°0 40°0 11% 4% 39% 2% 100% 1999 $38,414 $345.800 $92,878 $4fi,325 $345.54fi $5,309 $874,272 4% 40% 11% 5% 40% t% 100% 1998 $33,781 $350,299 $126,670 840,532 $306,191 $12,898 $870,371 a% 40% ~5% 5% 35% ~% 100% 1997 $37,537 $323,175 $126,465 $39,846 $316,999 $9,035 $853,057 a% 38% 15% 5% 37% 1% 100% 1996 $33,742 $342,802 $t45,274 $74,088 $3t7,743 $15,788 $929,437 4% 37% 16% 8% 34% 2% 100% 2006 UHGID Sales and Use 7ax Food Eating Apparel Home General Stores Places Stores Furnishings Merch AllOther Total $43,997 $395,361 $65,014 $26,545 $275,073 $i'1,096 $8'17,087 5% 48% 8% 3% 34% i% 100% I, 200fi UHGIO Sales mE Use Tax Breaktlawn by Intlusiry Category A11011t¢~ Foatl Stores ~y 5% GBnerel Mercn ~v. ~e~ Home FumaM1ings Ea4ng Places 3Y a9Y Hppare151ore5 B% Percent of Total City Wide Sales and Use Tax Food Stores Places SeOt 2006 $ 7,456,910 $ 7,138,026 7% 60 2005 $10,046,723 $ 8,995,846 1% 5% 2004 $10,t48,e61 $8,637,718 0% 5% 2003 $9,052,658 $7,847,285 ai si 2002 $9.294,397 $8.133.237 0% 5% 2001 $9,312,676 $8,384,190 0% 5% 2000 $9,080,910 $8,484,601 0% 4% 1999 $9.207.721 $7.790.648 0% 4% '1998 $8.932,09'1 $7.469.094 0% 5% 1997 $7.739,779 $6.797.237 0% 5% 1996 $7,611,055 $fi,fi14,561 0% 5% Stores Furnishings Merch AIl Other Total $ 1,631,410 $ 3,266,276 $~1,094,804 $26,893,200 $ 57,480,626 4% 1% 2% 0% 14% $ 2,362,366 $ 4,465,788 $14,587,419 $ 35,882,350 $ 76,340,492 4% i% 2% 0% t.3% $2.232,147 $3.1~8.312 $t4,123,007 $32,171.342 $70.431,387 4% 1 0 2 0 0% 1.5% $2,046,951 $3,922,549 $13,185,423 $31,552,637 $67,607,503 5% ~% 2% 0% 14°0 $2,346,305 $4,~64,992 $13,572,657 $33,815,600 $71,327,t82 4% 1% 2% 0% 13% $2,646p21 $4,537,112 $15,553,807 $38,279,526 $78,713,332 4% 1 0 2 a 0% 1 2% $3,159,262 $5,915,794 $i],887,211 $36,269,737 $80,~97,515 3°0 1% 2% 0% ~2% $3,359.914 $5,553,219 $t7,008,884 $33,893,~06 $76.814,092 3% 1% 2% 0% it% $3,252,729 $3,570.448 515,736,140 $30,637,104 $69,597,612 4% 1% 2o Oo 13% $2,781,Ote $3,t29,089 $15,439,169 $28,494,047 $fi4,380,339 5% 1% 2% 0% i.3% $2,782,149 $2,862,92 $15,111,950 $26,975,579 $fi1,95],866 5% 3% 2% 0% 1.5% 2~~6 UHGID Sales Taz Only Eating Apparel Home General Food Stores Places Stores Purnishings Merch AllOther TMaI $43.997 $391,422 $65.014 $26.545 $274,599 $8,209 $809.786 5% 48% 8% 3% 34% 1Y 100% Y006 UHGID Sales Taa 6reakEOwn Ey Intlvslry Category qu ONer Footl Smres i ~ 5Ye GenealMercM1 ~ 3EYe Eaong aiaces 49 ~ Home Fumishings 3Y " Apparel Srores 8% S \CMO\DUHMDPS\dmt\BUDGETd~\UHGID d~\UHGIDSIC